Computing ABO, PBO Mallard Company sponsors a pension plan with the following pension benefit: Benefit paid at each year-end during retirement = (Number of years worked x Annual salary at retirement) 25 Credit for service began January 1, 2010, Josie's first day with the company. Josie is expected to work a total of 30 years with an annual salary at retirement at $180,000. She is expected to draw 10 years of retirement benefits. The discount rate is 10%.

Note: Carry all decimals in calculations; round the final answer to the nearest dollar.

a. Compute the PBO on December 31, 2019, if Josies current salary is $54,000.

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b. Compute the ABO on December 31, 2019, if Josies current salary is $54,000.

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